Dollar Weakens as Powell Signals Patience, Oil Risks Support Volatility
United States. The US dollar is moderately weakening against the yen and the pound while showing mixed dynamics against the euro.
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1
April
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By Sagar Dua - 0
The euro is posting modest gains against the US dollar during the Asian session, extending the strong bullish momentum from the previous day, when the instrument managed to rebound from local lows recorded on March 19. The pair is currently testing the 1.1565 level for an upside breakout, while investors and forex traders await new catalysts that could determine the future trend.
31
March
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By Sagar Dua
- 19
Shares of eBay Inc., the American e-commerce company, are trading in correction near 89.00.
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By Sagar Dua
- 18
Last week, the EUR/USD pair resumed its decline and is now attempting to consolidate below the 1.1474 level (Murrey [2/8]). The US dollar continues to receive support from both geopolitical and monetary factors.
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By Sagar Dua
- 18
Benchmark Brent Crude Oil prices remain in a global corrective trend near $110.0 per barrel. The market is trading on elevated volumes, and prices recently approached the 115.00 high again, reacting to rapidly shifting fundamental conditions.
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By Sagar Dua
- 23
The Dow Jones Index is moving sideways near 45,605.0, remaining under pressure from the sharp rise in energy prices amid the escalation of the Middle East conflict.
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By Sagar Dua
- 21
The pound is gaining against the US dollar during the Asian session on March 31, correcting near the 1.3200 level after the strong bearish trend of recent days and pulling back from local lows recorded on November 26.
30
March
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By Sagar Dua
- 22
The Australian dollar is extending its corrective impulse and testing the 0.6867 mark for a downside breakout, renewing local lows from January 23 during the Asian session. Market activity remains restrained, as investors are in no rush to open new positions ahead of Federal Reserve Chair Jerome Powell’s speech at 17:30 (GMT+2), where he may comment on the rapidly changing outlook for borrowing costs and assess the consequences of the escalating military conflict in the Middle East for the U.S. economy.
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By Sagar Dua
- 27
The US dollar is losing ground against the yen in the USD/JPY pair, correcting after last week’s bullish momentum. During the Asian session, the instrument is testing the 159.70 mark, pulling back from the 160.00 level, which had previously been seen as a psychological barrier before potential new currency interventions by the Bank of Japan.
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By Sagar Dua
- 24
The USD/CHF pair has been gaining for the second consecutive month, correcting toward the medium-term downward trend and currently testing the 0.7995 level (Murray [7/8]). The U.S. dollar is receiving support amid escalating tensions in the Middle East.
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By Sagar Dua
- 23
The leading Japanese stock index, NI 225, is trading near 51325.0, continuing its active downward movement triggered by the global outflow of investment capital from risk assets amid the escalation of the armed conflict in the Middle East. On Friday, the yen in the USD/JPY pair once again moved above the key 160.00 mark, increasing the likelihood of currency intervention by the Bank of Japan.
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